95,844 Shares in ONEOK, Inc. $OKE Purchased by Tulsa Wealth Advisors INC

Tulsa Wealth Advisors INC acquired a new position in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,844 shares of the utilities provider’s stock, valued at approximately $7,045,000. ONEOK accounts for approximately 2.3% of Tulsa Wealth Advisors INC’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after buying an additional 8,834 shares in the last quarter. Empowered Funds LLC raised its position in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new position in ONEOK in the 1st quarter worth about $216,000. Federated Hermes Inc. grew its position in ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after purchasing an additional 4,902 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $85.06 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average price of $88.05 and a 200-day moving average price of $83.08. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The firm has a market capitalization of $53.59 billion, a PE ratio of 15.16, a P/E/G ratio of 6.36 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada raised their price target on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.88.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.